The Bank of England has lowered interest rates to 3. 75%. This move was widely expected, so mortgage lenders had already adjusted their rates. However, the Bank's governor hinted that future cuts might not be as frequent, which could slow down the decline in mortgage rates. The Bank's decision was
Prices are still going up, but not as fast as before. In November, the cost of living increased by 2. 7% compared to the same month last year. This is a bit lower than the 3% rise seen in September. However, prices did go up by 0. 2% from September to November. The government didn't track prices in
Last month, the rate at which prices went up slowed down. This was a surprise. The numbers came out after a break in official reports. The latest figures show a 2. 7% increase in prices over the past year. This is less than what was seen in September. The numbers come from the Labor Department. They
Thursday is a big day for economists and folks keeping an eye on their wallets. That's when the latest inflation report comes out, giving us a peek at how much prices have changed. This is the first time in almost two months we're getting fresh data, thanks to that long government shutdown messing t
Venezuela is in a tough spot. The U. S. has put a blockade on oil tankers, which is their main way of making money. This move is part of a bigger plan to put pressure on President Nicolas Maduro's government. The U. S. has been doing a lot to make things difficult for Maduro, like building up their
College expenses went up by 3. 6% in the 2025 fiscal year. This is a small increase from the 3. 4% rise in 2024, but less than the 4. 0% jump in 2023, when schools were dealing with the fallout from the COVID-19 pandemic. The Higher Education Price Index (HEPI) tracks these costs. It looks at the a
In the U. S. , many people who voted for Donald Trump are feeling the pinch of higher prices. But they don't blame the president. Instead, they point fingers at big companies and the overall economy. Take Ron Dailey, a 63-year-old from Denver. He's noticed that eating out is getting more expensive.
Türkiye is making progress in its fight against inflation. The finance minister expects the annual rate to drop into the 20% range by February. This is a significant improvement from the 64%-65% seen over the past three years. The government's goal is to bring inflation down to single digits, but th
Americans are feeling the heat this holiday season, with many struggling to afford gifts and groceries. A recent survey shows that a large number of people are dipping into their savings and hunting for bargains. This is not just a seasonal blip; it’s a sign of ongoing economic pressures. The surve
Austan Goolsbee, head of the Chicago Fed, made a bold move recently. He voted against lowering interest rates. Why? He thinks the Fed should wait for more data before making big changes. Goolsbee is not against lowering rates in the future. He just wants to make sure it's the right time. Inflation
